Ukraine Signs Gas Deal With Turkmenistan

Yushchenko made the announcement on Ukrainian television (file photo) (epa)
30 December 2005 -- Ukraine, facing a New Year's cut-off of Russian natural gas deliveries, announced today that it has clinched a deal with Turkmenistan that will supply half the country's gas needs in 2006.

Ukrainian President Viktor Yushchenko said on Ukrainian television that under the deal, Turkmenistan will supply Ukraine with 40 billion cubic meters of gas at $50 per 1,000 cubic meters. He said deliveries will start in January.